HOTEDD Board of Directors, April 2011

HOTEDD Board of Directors, April 2011

What is the Heart of Texas Economic Development District?

HOTEDD delivers information, collaboration, coordination, and training among economic developers, communities, businesses, and individuals in our service area: Bosque, Falls, Freestone, Hill, Limestone, and McLennan Counties. The Honorable Justin Lewis chairs our Board; our President is Russell Devorsky.







Tuesday, July 12, 2011

Regional Brand for the Heart of Texas

Who are we?
Sounds like a silly question - navel-gazing, perhaps, and not much to do with the nuts and bolts of delivering economic development. It matters, though, because the six counties that make up the Heart of Texas don't have much that binds them together beyond the fact that someone at a desk somewhere arbitrarily put them together when the state was carving out regions for Councils of Governments.
In economic development, we know that we're selling communities. Lots of our work is done for us already in selling communities - for better or for worse - because each community already has a brand. Whether you're a member of that community, or the other town they play in football, or someone who just drives through, you have an idea of what that community is.
With our six-county region, there is not the same sense of identity. That's good in some ways - it means we have a relatively clean slate. We don't have to battle existing notions that may be different than we'd like. But selling a clean slate won't work in economic development, any more than it would work in a grocery store. Would you buy a box with no label, no ingredients?
Right now, the EDD is working on regional branding, as a first step to marketing the region. We're gathering information on the communities, what people think and feel about this area, and what images and taglines are out there. We're reviewing best practices from around the state and around the nation, to get a sense of what excellence looks like. The results of this work will be presented to the Marketing Committee on Thursday, and then the group will move forward toward development of images and language to communicate the brand to the world.
We'd love your input - and we'll keep you posted on what we discover!

Monday, June 13, 2011

Comprehensive Economic Development Strategy Update

HOTEDD will complete and submit the annual update to our Comprehensive Economic Development Strategy within the next few weeks. Once this is completed, it is likely that the EDD Board will look ahead to constructing a new five-year CEDS document.

While the current CEDS has been in effect for only three of the allowable five years, the currency of Census data, the availability of a new web-based platform, and the unrolling of new guidance from EDA through NADO all mean there is a wealth of good information for producing a new CEDS. Why wait?

Wednesday, May 25, 2011

Census Counts and the Heart of Texas Region

Much of what the 2010 Census will tell us about the Heart of Texas is still unknown to us, as socioeconomic and other data has not yet been released. The population figures, however, are available – and they mostly tell us what we’ve been able to observe ourselves: namely, that the parts that are growing, keep growing, and the parts that aren’t growing, keep not growing.

The region’s population grew from 321,536 in 2000 to 349,273 in 2010 – a rate of growth of approximately .83% per year. The moderate growth contributes to economic vitality without placing excessive demands on existing infrastructure. (High population growth can lead to traffic congestion and stress water/wastewater capacity, among other issues.) A gentle rate of growth means the region can accommodate the new folks, and build its infrastructure to match, comfortably over time. At the same time, a slightly higher rate than this would still fall in the “comfortable” range – so we should continue to focus on attracting businesses and families to even the fastest-growing parts of the region.

Bosque County, which grew by 5.86%, has a 2010 population density of 18.41.
Falls County, which declined by 3.82%, has a 2010 population density of 23.23.
Freestone County, which grew by 10.91%, has a 2010 population density of 22.58.
Hill County, which grew by 8.56%, has a 2010 population density of 36.46.
Limestone County, which grew by 6.05%, has a 2010 population density of 25.73.
McLennan County, which grew by 10.02%, has a 2010 population density of 225.46.
The region as a whole grew by 8.63%, and has a population density of 62.95.

Let’s discuss the differing growth rates. For the most part, Heart of Texas counties with higher population densities had higher rates of population growth, and counties with lower population densities had lower rates of growth. Simply put, people like to go to where people already are – and where there are plenty of the amenities that come with those existing population densities. This pattern is consistent with statewide trends, so it’s not likely to change any time soon. This poses a challenge for sparsely-populated counties working to maintain quality of life.

McLennan County is growing at the highest rate; Limestone and Hill Counties have some slow growth; Bosque County has very little growth; and Freestone County is growing faster – and Falls County slower – than their densities would suggest. Hill and, to a lesser extent, Limestone Counties are working to achieve “escape velocity” – to achieve a density of people and amenities that will make those counties draws in themselves. They’re assisted in this by the expansion of development from the Dallas-Fort Worth Metroplex and the increased economic activity in McLennan County. Bosque County, on the other hand, is working to maintain enough growth and activity to continue its high quality of life.

Looking at the outliers, Freestone County has the second-lowest population density, but it enjoyed he highest rate of population growth in the region from 2000 to 2010 – 11%. Falls County’s population density falls in the middle at around 22 people per square mile, but its population declined by 3%. It may be no coincidence that these outliers also differ from the rest of the region economically: Freestone with higher economic values, and Falls County with lower ones.

While much is riding on Census numbers in terms of outside resources, the greatest impact on the Heart of Texas communities will come from what their growth rates mean in terms of local effects. Outside the City of Waco, Heart of Texas communities must compete for Federal block grant funds – so their populations may change the amount of matching funds they are required to contribute to projects if they’re funded, but they won’t affect their ordinary revenues much. On the other hand, for communities struggling to maintain population and attract and retain businesses, a modest amount of growth is essential to maintain the current standard of living.

Thursday, April 28, 2011

What's a Triple Bottom Line?

In Economic Development, we understand the bottom line. It's a matter of pride that we consider a project all the way through to the end, to evaluate whether over time the reward will outweigh the risk. Of course, there's some risk involved - we're making guesses about the future, however well-informed - but we can at least rest assured we've done our due diligence.

We may need to think again. Even when we are sure our project is going to mean bottom-line profits, that bottom line may not cover everything we need it to.

Just yesterday I put together some information about economic development programs and had some "negative" examples - projects that didn't make money - that were also transformative projects in their communities. On the other hand, we've all seen projects that made money on paper, but resulted in overdevelopment, played out early and left an empty big box, or had other unintended consequences. The bottom line is an important measure, but it doesn't measure everything.

It's this fact that has inspired many - including, now, the Economic Development Administration - to expand their thinking about what constitutes "profit." Enter the "Triple Bottom Line" - a way of looking at a project that asks about not only its financial net profit, but also at its social and environmental consequences as well. It's a fancy new term, but it captures things we intuitively grasp in the Heart of Texas - we understand our communities need lots of things, not just money. So it may not be a new concept at heart, but the Triple Bottom Line does give us a new tool: a way of measuring, comparing, and evaluating projects looking at all three of those areas.

Watch this space for more information as it becomes available: EDA is currently vetting a Triple Bottom Line evaluation tool that all our communities will soon be able to use.

Wednesday, March 30, 2011

Honoring Robert Gordon

At its meeting last week, the HOTEDD Board honored Robert Gordon with the following Resolution:

Whereas, the Honorable Robert Gordon has served his nation, state, and community over many years; and,

Whereas, Mr. Gordon, a Korean War Veteran, served his nation honorably; and,

Whereas, Mr. Gordon, a distinguished educator for several decades has helped and enriched the lives of thousands; and,

Whereas, Mr. Gordon, was a council member in the City of Lacy-Lakeview and served on several local and regional boards and councils; and,

Whereas, Mr. Gordon, a charter member of the Heart of Texas Economic Development District Board of Directors, and chaired the Recycling and Environmental Committee and made major contributions to the success of the District board; now,

Therefore, be it resolved that the Heart of Texas Economic Development District Board of Directors does hereby and hereon honor and commend Mr. Robert Gordon for his exceptional and dedicated service.


Thanks, Bob, for all your work for your community and this Region!

Wednesday, March 9, 2011

Economic Gardening: an article from NMPolitics.net

This is an article by Nick Voges, published on 1/6/11 on NMPolitics.net. It captures the concept of Economic Gardening, which is a practice that fits very well with the Heart of Texas Region's values and strengths.

http://www.nmpolitics.net/index/2011/01/economic-gardening-a-fresh-paradigm-for-growing-local-jobs/

Wednesday, March 2, 2011

Images Needed for HOTEDD Web Site!

One of the dimensions that will be added by our new web site will be the ability to tell a visual story about our Region. That story will only be as good as the information and images we collect - so this is your call to action! If you have or encounter images of your community, industry, or lifestyle that would help us tell the Region's story, please send them! If you need our contact information, please respond to this post and we'll follow up with you.
Thanks so much!